Mortgage Rates For June 13, 2019

Today’s Mortgage Rates:

Mortgage Rates for June 13, 2019 have improved as the bond market starts the day in positive territory despite a surge in oil prices this morning. Conforming, FHA and Jumbo fixed mortgage rates remain the most attractive terms for both homeowners looking to refinance their current mortgage and homebuyers looking to buy a home.

Mortgage Rates - Conforming Loans

Mortgage Rates - FHA Loans

Mortgage Rates - Jumbo Loans

Mortgage Backed Securities and Treasury Snapshot:

Mortgage Backed Security FNMA 3.5 started the day at 102.03 and the FNMA 4.0 coupon started the day at 103.27. The 10y Treasury yield opened the day at 2.11%. Later today there is an important 30y bond auction.

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Economic Data This Week:

Today we have Export and Import Prices report. On Friday we have Retail Sales, 1yr and 5yr Inflation Outlook along with Consumer Sentiment.

Export and Import Prices:

Expectations were for a reading of -0.1% for Export Prices and -0.2% for Import Prices. The Export Prices reading came in at -0.2% and the Import Prices reading came in at -0.3%. A positive report for mortgage rates (shows import and export prices are coming down which helps keep inflation stable/low). Lower inflation is good for the bond markets and consumer mortgage rates.

Post reports the 10y yield moved down to 2.10%.

Weekly Jobless Claims:

The weekly Jobless Claims came in at 220,000.00 a bit higher than last week but overall a low number.

Economic Data Next Week:

On Monday we have the NY Fed Manufacturing report and the NAHB Housing Market Index. On Tuesday we have the Housing Starts, and Building Permits reports along with the start of the June FOMC (Fed) meeting. On Wednesday we have the weekly Mortgage Market Index and the FOMC decision. On Thursday we have the Philly Fed Business Index and the weekly Unemployment numbers. On Friday we have Existing Home Sales for May.

JB Mortgage Capital, Inc.:

We offer industry low mortgage rates for both refinance and purchase transactions, personal one-on-one service and we have an A+ rating with the Better Business Bureau (BBB). We also have a top rating with the Business Consumers Alliance (AAA). We utilize the latest technology to ensure a fast closing and Loan Officer Kevin O’Connor has over 14 years of experience as a mortgage professional.

When it comes to mortgage rates please keep in mind that mortgage rates adjust daily; sometimes they adjust multiple times in a day when the bond market is volatile.

Also things like obtaining cash out, lower credit scores, higher Loan-To-Value ratios, rental properties and the subordination of a second mortgage will cause in an increase in your mortgage rate.

To obtain the most up-to-date quote, specific to your loan scenario be sure to contact Loan Officer Kevin O’Connor at 1-800-550-5538 or you can submit a “Contact Us” request on the our website.

Loan Officer Kevin OConnor

Loan Officer Kevin O’Connor:

Kevin grew up in California and works with clients throughout the state. From the initial quote to the application to the final closing; Kevin works directly with each and every homeowner and encourages his clients to ask questions so that they’re better informed. He updates on daily basis and you can connect with him on social media: Twitter Rates01